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20130801
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. >> reporter: america macabre and gold. what is interesting about the trade today, we see gold for december delivery settling about $28. 1,361 or thereabouts. the physical market, the delivery there is really tight. it big asian demand, but what we want to return to is what is going on with the paper trades in the exchange-rate as products in gold, down about $58 billion so far this year. it has been on a rocket ride since december 2008. then it went up 71,894 in july and august of 2011. that starts coming back down this year. the cftc was really clear that the commodities futures trading commission has data on the long positions, the bullish bets on gold. they sort of mirror what is going on with a hedge fund guys. the bullish bets for the long positions have been cut by 70%. that is a big number. 70 percent cut again in the futures and options on the net loss position in gold futures delivery. want to give you one final newsbreak. breaking news coming out. forbes magazine is telling the math on john paulson potential hedge fund losses, they are telling $740 million is what forbes magazine
Search Results 0 to 0 of about 1